Compliance is the process of adhering to a set of rules and standards in order to ensure the smooth operation of an organization. The compliance…
The Business Law category covers various legal aspects of Businesses which could be useful to up and coming entrepreneurs.
Delivered at place (DAP) – Definition, Meaning, Advantages
What is Delivered at Place or DAP? Delivered at place (DAP) is a delivery agreement whereby the seller agrees to pay all transport and delivery…
Duty of Care – Definition, Role and Examples
What Is Duty of Care? Duty of care is a legal term that describes the responsibility to avoid harming others. All people are expected to…
Collective Responsibility – Definition, Meaning and Examples
Collective responsibility is the idea that organizations, groups, and societies are responsible for the actions of their members. Collective moral responsibility is a concept that…
Commercial Law – Definitions, Types and Skills
Commercial law is the body of law responsible for governing the way business firms interact with one another along with b2b transactions, employee contracts, other…
Breach of Trust – Definition, Penalties and Example
Breach of trust is an act of infringement, or violation of the rules, duties, obligations, or terms of a trust or agreement. When a trustee…
